Analysis: How Next is stress-testing its store portfolio
As online sales grow, fashion giant Next has assessed the viability of its stores. In this extract from Next chief executive Lord Wolfson’s preliminary results business review, he considers three scenarios and explains why he is confident shops ”will remain a profitable asset”.
With increasing amounts of business being transferred online, it is legitimate to question the long-term viability of retail stores and whether the possession of a retail portfolio is an asset or a liability.
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